Today Lonestar Resources US Inc. (LONE) Stock Reaches 52-Week High

June 17, 2018 - By Nellie Frank

The stock of Lonestar Resources US Inc. (NASDAQ:LONE) hit a new 52-week high and has $8.75 target or 8.00 % above today’s $8.10 share price. The 6 months bullish chart indicates low risk for the $199.56 million company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $8.75 price target is reached, the company will be worth $15.96M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 2.99% or $0.25 during the last trading session, reaching $8.1. About 320,901 shares traded or 72.63% up from the average. Lonestar Resources US Inc. (NASDAQ:LONE) has risen 48.41% since June 17, 2017 and is uptrending. It has outperformed by 35.84% the S&P500.

Analysts await Lonestar Resources US Inc. (NASDAQ:LONE) to report earnings on August, 3. They expect $-0.03 EPS, up 50.00 % or $0.03 from last year’s $-0.06 per share. After $-0.13 actual EPS reported by Lonestar Resources US Inc. for the previous quarter, Wall Street now forecasts -76.92 % EPS growth.

More recent Lonestar Resources US Inc. (NASDAQ:LONE) news were published by: Prnewswire.com which released: “Lonestar Announces Increase In Borrowing Base To $190 Million” on May 24, 2018. Also Prnewswire.com published the news titled: “Lonestar Second Quarter 2018 Results Conference Call” on June 14, 2018. Prnewswire.com‘s news article titled: “Lonestar Resources To Participate In JP Morgan 2018 Energy Conference” with publication date: June 06, 2018 was also an interesting one.

Lonestar Resources US Inc., an independent gas and oil company, engages in the acquisition, development, and production of unconventional oil, natural gas liquids, and natural gas properties in the United States. The company has market cap of $199.56 million. The firm primarily focuses on Eagle Ford Shale properties in Texas counties. It currently has negative earnings. It also owns 28,655 net undeveloped acres in the Poplar West area of the Bakken Three Forks formation located in Roosevelt County, Montana.

Lonestar Resources US Inc. (NASDAQ:LONE) Ratings Chart

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